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Oracle 1Z0-1049-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Base Pay | - Salary Administration
|
| Elements, Balances, and Formulas | - Write Fast Formulas - Define Elements - Manage Balances |
| Individual Compensation | - Awards and Compensation Management
|
| Compensation Analytics and Reporting | - Workforce Compensation Reports - Compensation Analytics - Audit and Monitoring |
| Compensation Foundation | - Compensation Components Setup
|
| Total Compensation Statements | - Statement Configuration
|
| Workforce Compensation Plans | - Plan Configuration
|
| Workforce Compensation Processing | - Compensation Cycle Management
|
Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
During the compensation review cycle, which two actions occur when a manager is allocated a zero or null budget? (Choose two.)
- A. The manager does not have access to the plan.
- B. The available budget becomes negative when the manager makes allocations.
- C. The manager can manually allocate some budget for his team.
- D. The manager will have read-only access.
Correct Answer: C,D 🗳️
Explanation: Only visible for PrepAway members. You can sign-up / login (it's free).
While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps wouldhe or she need to perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposal and submitting it for approval? (Choose four.)
- A. Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
- B. Edit the workbook data.
- C. Repeat the steps as many times asnecessary to accommodate the revisions.
- D. Download and authenticate workbooks.
- E. Resolve errors created by the uploaded file.
- F. Filter the editsand upload only the edited fields.
Correct Answer: A,D,E,F 🗳️
A corporation has implemented Oracle Fusion Workforce Compensation. Oracle Fusion Supplemental Earning Elements must now be created to capture ad hocpayments for eligible workforce.
Which two statements are true about element eligibility criteria for such elements? (Choose two.)
- A. You cannot define multiple eligibility criteria for each element in any case.
- B. Some element eligibility criteria may not be available, depending onthe level at which the element is attached.
- C. You candefine multiple eligibility criteria for each element, but there must not be any overlap between them.
- D. You can define multiple eligibility criteria for each element, but there must be an overlap between them.
Correct Answer: A,C 🗳️
Explanation: Only visible for PrepAway members. You can sign-up / login (it's free).
You have created a compensation plan and configured the plan details. However, when you try to run the
"Start Compensation Cycle" process, you are not able to see the plan you created in the list that appears.
Which three options could be possible reasons for this? (Choose three.)
- A. Your user role does not have access to view the plan.
- B. Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
- C. Accessto the compensation administrator role is restricted in Plan Access.
- D. Restrict Plan access is set to "Yes" and the compensation administrator role is added tothe list of roles in
"Plan access from Compensation work area." - E. The compensation administrator or equivalent role is not attached to your plan.
Correct Answer: A,C,D 🗳️
Explanation: Only visible for PrepAway members. You can sign-up / login (it's free).
Your client's organization is a multi-country organization with headquarters in the US, and managers have direct reports in different countries.
In which three ways canthe compensation currency be displayed? (Choose three.)
- A. Preferred currency
- B. The corporate currency
- C. Each employee's local currency
- D. Only one currency can be displayed
Correct Answer: A,B,C 🗳️
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